AUDUSD continues to be sold off on the back of AUDJPY longs cutting positions. Some weak longs in AUDUSD have exited under 8270. Next major support level seen at 8180, the low seen last Wednesday.
Technically we saw the AUDUSD put in a bearish outside day and week reversal formation on the charts. Under 8180 will see longs capitulate to confirm a recent high. Topside on the day is limited to 83c, if that.
